Cvfg LLC Makes New Investment in Triple Flag Precious Metals Corp. $TFPM

Cvfg LLC purchased a new stake in Triple Flag Precious Metals Corp. (NYSE:TFPM) during the 1st quarter, HoldingsChannel reports. The fund purchased 19,985 shares of the company’s stock, valued at approximately $694,000.

A number of other large investors have also recently modified their holdings of the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of Triple Flag Precious Metals by 39.9% during the third quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 2,642,566 shares of the company’s stock worth $77,373,000 after purchasing an additional 753,923 shares in the last quarter. Arrowstreet Capital Limited Partnership lifted its position in Triple Flag Precious Metals by 25.3% during the third quarter. Arrowstreet Capital Limited Partnership now owns 2,628,151 shares of the company’s stock valued at $76,908,000 after purchasing an additional 530,357 shares during the last quarter. Van ECK Associates Corp grew its stake in Triple Flag Precious Metals by 10.8% in the 3rd quarter. Van ECK Associates Corp now owns 2,555,954 shares of the company’s stock worth $75,244,000 after buying an additional 250,123 shares in the last quarter. Tidal Investments LLC grew its stake in Triple Flag Precious Metals by 59.5% in the 3rd quarter. Tidal Investments LLC now owns 2,396,198 shares of the company’s stock worth $70,113,000 after buying an additional 893,566 shares in the last quarter. Finally, Vanguard Group Inc. increased its holdings in shares of Triple Flag Precious Metals by 82.2% in the 4th quarter. Vanguard Group Inc. now owns 1,691,194 shares of the company’s stock worth $56,198,000 after buying an additional 762,826 shares during the last quarter. Institutional investors own 82.91% of the company’s stock.

Triple Flag Precious Metals Stock Down 5.0%

Triple Flag Precious Metals stock opened at $27.71 on Thursday. The company has a market capitalization of $5.73 billion, a PE ratio of 18.35, a P/E/G ratio of 3.08 and a beta of -0.19. The firm has a fifty day simple moving average of $30.74 and a two-hundred day simple moving average of $34.02. Triple Flag Precious Metals Corp. has a twelve month low of $22.60 and a twelve month high of $41.70.

Triple Flag Precious Metals (NYSE:TFPM) last posted its quarterly earnings results on Tuesday, May 5th. The company reported $0.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.43 by $0.02. The business had revenue of $147.00 million during the quarter, compared to analyst estimates of $147.00 million. Triple Flag Precious Metals had a net margin of 68.68% and a return on equity of 12.90%. As a group, equities analysts expect that Triple Flag Precious Metals Corp. will post 1.53 earnings per share for the current fiscal year.

Triple Flag Precious Metals Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 15th. Investors of record on Monday, June 1st were given a dividend of $0.0575 per share. This represents a $0.23 annualized dividend and a yield of 0.8%. The ex-dividend date was Monday, June 1st. Triple Flag Precious Metals’s dividend payout ratio (DPR) is presently 15.23%.

Analysts Set New Price Targets

Several research firms have recently weighed in on TFPM. Canaccord Genuity Group upgraded shares of Triple Flag Precious Metals from a “hold” rating to a “buy” rating in a research report on Friday, June 12th. Zacks Research lowered shares of Triple Flag Precious Metals from a “strong-buy” rating to a “hold” rating in a research report on Thursday, April 9th. Weiss Ratings cut Triple Flag Precious Metals from a “buy (b)” rating to a “buy (b-)” rating in a research note on Friday, June 12th. Wall Street Zen upgraded Triple Flag Precious Metals from a “hold” rating to a “buy” rating in a research report on Saturday, June 27th. Finally, Jefferies Financial Group dropped their price target on Triple Flag Precious Metals from $43.00 to $40.00 and set a “buy” rating for the company in a research note on Monday. Six analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $40.00.

Triple Flag Precious Metals Profile

Triple Flag Precious Metals Corp. is a Toronto-based precious metals streaming and royalty company traded on the New York Stock Exchange under the ticker TFPM. The company specializes in providing upfront financing to mining operators in exchange for the right to purchase a fixed percentage of future gold and silver production at discounted prices. By structuring these streaming and royalty agreements, Triple Flag Precious Metals aims to optimize its capital deployment and maintain a predictable cost profile while benefitting from upside in precious metal prices.

Since its formation in mid-2022, Triple Flag Precious Metals has established a diversified portfolio of streaming and royalty assets across a variety of jurisdictions.